Emurgo Africa is getting ready to share a full State of Web 3.0 in Africa Report on June 23, 2023.
The analysis reveals how fast African Web 3.0 technologies are changing. It also provides an in-depth study of their consequences, opportunities, and challenges, as well as proposals for growth and influence.
Africa is rapidly adopting Web 3.0. They can transform trade and industry, financial services and financing, supply chain management and logistics, and healthcare provision and access. Clear legislation, infrastructure development, and stakeholder engagement will be needed to apply these technologies widely.
The study, funded by Emurgo Africa, will be released in Nairobi, Kenya, during a media event with industry leaders, policymakers, and the press. NODO, CVVC, GreenHouse Capital, PwC, and Cardano will speak at the event.
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Emurgo Africa’s report on technology’s impact on African growth
The report examines how these technologies could boost African social and economic progress and bridge a knowledge deficit. It covers real-world use cases, opportunities, and challenges of Web 3.0 technologies in the region.
Decentralized finance (DeFi), blockchain technology, digital identity, smart contracts, and data privacy are covered in the report. It examines target countries’ legal systems, infrastructure, and technology. This identifies areas for improvement to promote Web 3.0 technologies.
The report found that Web 3.0 technologies offer huge opportunities for Africa, that blockchain investment in Africa increased by 1,668% between 2021 and 2022, and that industry stakeholders, policymakers, and regulators must work together to foster Web 3.0 technology growth.
“The future of Web 3.0 technologies in Africa is bright, with the potential to drive unprecedented social, financial, and economic development across the continent,” stated Emurgo Africa CEO Ahmed M. Amer. This paper emphasises the crucial role of stakeholders, policymakers, and regulators in realising Web 3.0’s revolutionary capacity in Africa.
About Emurgo Africa
A blockchain technology company with a lot of energy, EMURGO Africa is dedicated to building a bright future for all of Africa. By using the promise of blockchain, our experienced team hopes to solve big problems like poverty, inequality, and climate change.
To empower Africans to improve their lives and communities, we aim to develop a strong blockchain ecosystem that fosters economic growth, social inclusion, and environmental sustainability. Governments, companies, non-profits, and universities are our clients. This aligns with our principles of innovation, collaboration, honesty, and sustainability.
Blockchain-based platforms provide millions of Africans with free education, healthcare, and financial services. We’re delighted to help improve Africa with blockchain technology.